Unwise borrowing and profligate spending have the been the primary causes of today's economic crisis. But, it seems there is bipartisan, unanimous support for more of the same as the solution to the problem. The economic stimulus package basically is to borrow a bunch of money and give it to people so they can go spend it thereby making the economy better. I don't understand this thinking.
Why not, say, build high-speed rail between here and Austin? Wouldn't this have the same "trickle-up" effect? People get employed, they buy stuff from people who then need to hire more people to make up for the increased demand, and so on. And in the end you have something that's good for the economy, the population, and the environment. And every dollar gets spent, whereas with a handout, some fool may decide to save some of it (not many of those types left.)
Maybe I'll be enlightened by George tonight during what is sure to be the lamest-of-duck speeches. Hopefully more on that later.
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